Investing.com - Phillips 66 (NYSE:PSX) reported third quarter earnings that beat analyst's expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $3.1 on revenue of $28.91B. Analysts polled by Investing.com expected EPS of $2.37 on revenue of $29.01B. That compared to EPS of $1.66 on revenue of $25.88B in the same period a year earlier. The company had reported EPS of $2.8 on revenue of $29.74B in the previous quarter.
For the year, Phillips 66 shares are down 2.43%, under-performing the S&P 500 which is down 1.2% year to date.
Phillips 66 follows other major Energy sector earnings this month
On Friday, Total ADR reported third quarter EPS of $1.47 on revenue of $48.4B, compared to forecasts of EPS of $1.45 on revenue of $56.49B.
Equinor ADR earnings beat analyst's expectations on Thursday, with third quarter EPS of $0.6 on revenue of $19.14B. Investing.com analysts expected EPS of $0.51 on revenue of $19.36B
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